Can I retire at age 30 with 602,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$49,713$49,270$48,838$48,416$48,004$47,054
2 years$24,610$24,152$23,708$23,277$22,859$21,906
3 years$16,244$15,784$15,340$14,914$14,503$13,576
4 years$12,061$11,603$11,164$10,745$10,344$9,451
5 years$9,553$9,097$8,664$8,253$7,863$7,007
6 years$7,881$7,428$7,002$6,600$6,222$5,403
7 years$6,687$6,238$5,818$5,426$5,060$4,278
8 years$5,792$5,347$4,934$4,552$4,198$3,453
9 years$5,096$4,656$4,250$3,877$3,535$2,827
10 years$4,540$4,104$3,705$3,342$3,012$2,340
11 years$4,085$3,653$3,262$2,909$2,590$1,954
12 years$3,707$3,279$2,895$2,551$2,245$1,643
13 years$3,386$2,963$2,586$2,252$1,958$1,389
14 years$3,112$2,694$2,324$1,999$1,716$1,179
15 years$2,875$2,461$2,098$1,783$1,511$1,005
16 years$2,667$2,258$1,902$1,597$1,335$860
17 years$2,484$2,079$1,731$1,435$1,184$737
18 years$2,322$1,921$1,580$1,293$1,053$633
19 years$2,177$1,781$1,447$1,168$938$545
20 years$2,046$1,655$1,328$1,058$838$470
21 years$1,928$1,541$1,221$960$750$406
22 years$1,821$1,439$1,125$873$672$351
23 years$1,723$1,346$1,039$795$604$304
24 years$1,634$1,261$961$725$542$263
25 years$1,552$1,183$890$662$488$228
26 years$1,476$1,112$826$606$440$198
27 years$1,407$1,046$767$554$396$172
28 years$1,342$986$713$508$358$149
29 years$1,282$930$663$466$323$130
30 years$1,225$878$618$427$292$113
31 years$1,173$830$576$393$264$98
32 years$1,124$786$537$361$239$85
33 years$1,078$744$502$332$216$74
34 years$1,035$705$469$305$196$64
35 years$994$669$438$281$177$56
36 years$956$635$410$259$160$49
37 years$920$603$384$238$145$42
38 years$886$573$359$220$132$37
39 years$854$545$337$203$120$32
40 years$823$518$316$187$108$28
41 years$794$494$296$172$98$24
42 years$766$470$278$159$89$21
43 years$740$448$260$147$81$18
44 years$715$427$244$136$74$16
45 years$691$407$230$125$67$14
46 years$669$388$216$116$61$12
47 years$647$371$203$107$55$11
48 years$626$354$190$99$50$9
49 years$607$338$179$91$45$8
50 years$588$323$168$84$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $602,000, adding $2,926 every year, while hoping to spend $48,957 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/47/13 Blend
29$602,000$602,000$602,000$602,000
30$666,422$634,516$625,185$690,385
31$682,307$613,518$594,039$686,608
32$698,172$589,849$560,209$677,498
33$713,962$563,329$523,552$666,573
34$729,617$533,763$483,922$653,692
35$745,069$500,947$441,164$638,702
36$760,238$464,666$395,115$621,441
37$775,039$424,691$345,608$601,735
38$789,373$380,781$292,466$579,399
39$803,130$332,681$235,505$554,235
40$816,188$280,121$174,533$526,029
41$828,409$222,816$109,350$494,553
42$839,638$160,466$39,745$459,563
43$849,706$92,753$0$420,798
44$858,419$19,341$0$382,768
45$865,565$0$0$346,578
46$870,908$0$0$337,513
47$874,182$0$0$337,495
48$875,096$0$0$336,391
49$873,322$0$0$334,055
50$868,500$0$0$330,326
51$860,229$0$0$325,026
52$848,063$0$0$317,957
53$831,508$0$0$308,900
54$810,019$0$0$297,612
55$782,990$0$0$283,825
56$749,749$0$0$267,241
57$709,555$0$0$247,531
58$661,586$0$0$224,331
59$604,934$0$0$197,239
60$538,592$0$0$165,809
61$461,451$0$0$129,550
62$372,280$0$0$87,917
63$269,723$0$0$40,310
64$152,278$0$0$0
65$18,288$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0